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Indonesia Likely to Get Rp5.9tn from IMF-World Bank Meetings
National Development Planning Agency (Bappenas) head Bambang Brodjonegoro estimated the direct economic impact of the upcoming IMF-World Bank Annual Meetings could reach Rp5.9 trillion in 2017-2018.
— Tempo

Indonesia records US$1.02 billion trade deficit in August
Indonesia recorded a trade deficit of US$1.02 billion in August 2018, down from $2.01 billion a month earlier, according to the Central Statistics Agency (BPS).
— Antara

Indonesia to lower overseas online shopping limit to $75
The Finance Ministry’s Customs and Excise Office has issued a regulation to lower the import limit for online shopping to only US$75 from the initial $100.
— The Jakarta Post

Czech support sought to eliminate discrimination against palm oil products
Indonesia seeks support from the Czech Republic to help eliminate the possibility of discrimination against its palm oil products in the European market.
— Antara

Indonesian Navy ready to commission PT PAL-assembled submarine
The Indonesian Navy stated that it would be ready to commission its new submarine manufactured by state-owned shipbuilder PT PAL Indonesia, after it is was confirmed to be delivered in October.
— Antara

Indonesia’s Go-Jek seeks to raise $2 bln for Southeast Asia expansion-sources
Indonesian ride-hailing firm Go-Jek aims to raise about $2 billion from existing investors, including Tencent Holdings Ltd and JD.com, to fund its expansion plans in Southeast Asia, sources familiar with the matter said on Monday.
— Reuters

Bali Govt Issues Rules to Avert Tourists`Improper Attitudes
The Bali administration is formulating rules to prevent tourists from misbehaving at sacred Hindu sites.
— Tempo

Rules to bring foreign currency not to control foreign exchange: BI
Bank Indonesia (BI) conveyed the rules concerning bringing foreign exchange into and out of the country as stipulated in the BI Regulation number 20/2/PBI/2018 as not an attempt to control foreign exchange.
— Antara

The Fall In The Value Of The Indonesian Rupiah — Déjà Vu 1998?
In 1998, thanks to President Bill Clinton and the IMF, the Indonesian rupiah collapsed, and inflation surged. I know every act in this play because I had a front row seat as then-President Suharto’s Special Counselor.
— Forbes

Extending Cooperation, Police Chief Signs MoU with BPH Migas and SKK Migas
The National Police (Polri) together with the Downstream Oil and Gas Regulatory Agency (BPH Migas) and the Upstream Oil and Gas Executive Task Force (SKK Migas) signed a memorandum of understanding (MoU).
— Netral News

Leaders in tech, government and business are gathering in Bali for XBlockchain summit held in parallel to the 2018 annual meetings of the IMF and World Bank Group
Leaders in blockchain technology are only three weeks away from assembling in Nusa Dua, Bali for Asia’s pre-eminent summit on blockchain technology promising to change traditional industries and forge new ones.
— AEC News Today/PRNewswire (media release)

Wilmar: Success in Indonesia proves biodiesel will not affect vehicle engines
There should be no concern that the use of biodiesel will affect vehicle engines as proven by the implementation of the biodiesel programme in Indonesia, said Wilmar International.
— The Star

Satellites detected 801 hotspots across Indonesia: BNPB
The Terra and Aqua satellites detected a total of 801 hotspots, indicating forest and plantation fires, across Indonesia, on Monday.
— Antara

Sri Mulyani Upbeat Indonesia`s Exports Can Improve
Finance Minister Sri Mulyani said she was keeping a close watch on the developments of the country’s balance of payments, particularly those related to the current account deficit—among them the exports in August 2018.
— Tempo

Indonesia draws Singapore`s attention to maids sold online on Carousell
The Indonesian government has drawn the attention of its Singaporean counterpart over cases of Indonesian migrant workers allegedly being put up for sale on Carousell, an online retail platform from Singapore.
— Antara

Indonesia prepares over 7,000 volunteers for Asian Para Games
Indonesia has recruited a total of 7,500 volunteers for the forthcoming Asian Para Games, the organizing committee disclosed here on Monday.
— Xinhua

BSSN hints many potential cyber threats ahead of presidential elections
The National Cyber and Encryption Agency (BSSN) has hinted that there are many potential cyber threats ahead of the 2019 presidential and legislative elections.
— Antara

Taman Bacaan Pelangi opens its 100th library in eastern Indonesia
Nonprofit organization Taman Bacaan Pelangi (Rainbow Reading Garden) opened its latest child-friendly library in the Nangapanda Catholic elementary school in Ndora Rea 1 village, Flores, East Nusa Tenggara, on Thursday.
— The Jakarta Post

Parents in Papua fear disabilities, illnesses from vaccines, refuse to have children immunized
The Karubaga community health center in Tolikara regency, Papua, has said many parents in the region have opposed the administration of measles-rubella (MR) and polio vaccinations for their children over fears the vaccines will cause disabilities or other illnesses.
— The Jakarta Post

Despite pledge, Trump company works with a foreign entity. Again.
A construction company owned in part by the governments of Saudi Arabia and South Korea plans to build a Trump-branded luxury resort development in Indonesia despite a vow from Donald Trump that his family business would not make any deals with foreign government entities while he serves as president.
— Miami Herald

Singaporean fashion rental platform Style Theory gains ground in Indonesia
Since its launch in Indonesia less than a year ago, Singaporean online fashion rental platform Style Theory has gained over 20,000 active users in Jakarta, signaling the country’s market potential in the sharing economy in fashion.
— The Jakarta Post

Marrying tech and sustainability, SOBI offers an inclusive business model for Indonesia’s community forest farmers
Despite generating considerable profits, the Indonesian wood industry is often regarded as the cause for forest destruction, such as illegal logging and its bad practices that against the principles of environmental sustainability.
— Yahoo News

CapitaLand invests US$26m for 70% stake in Indonesia hotel operator
CapitaLand Limited has invested US$25.9 million for a 70 per cent share in Indonesian company Green Oak Hotel Management (GOHM), the real estate developer announced on Monday.
— The Business Times

Floods Submerge 775 Homes in Langkat, North Sumatra
Floods submerged at least 775 homes and rice fields, and damaged a dyke in Langkat District, North Sumatra Province, according to Irwan Sahri, head of the Langkat disaster mitigation office.
— Tempo

Accelerating economic activity pushes up energy imports
The Energy and Mineral Resources Ministry has blamed accelerating economic activity for an increase in energy imports, the largest contributor to the country’s trade deficit in August.
— The Jakarta Post

Elevating Indonesian designers to the right segment: Maison&Objet
Alvin Tjitrowirjo exhibited his work at lifestyle trade fair Maison&Objet, held from Sept.7- 11 at the Paris-Nord Villepinte convention center, Paris. The designer featured modern furniture elements that embraced rattan as the main material.
— The Jakarta Post

Asian men take hairdo cues from Indonesia and Japan’s Mandom
Young Asian men have discovered 1950s hairdos. The trend — buzz cuts, side parts or combinations of the two — began in the West and has since spread to Asia, with Indonesia quick to pick up on it, partly thanks to a Japanese company that has been in the country for nearly 50 years.
— Nikkei Asian Review

Feature photo: Patrik M. Loeff

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Indonesia morning news by AEC News Today is your one stop source for Indonesia news on matters of governance and policies affecting Asean business communities and is published M-F by AEC News Today: Governance, not government; policies not politics.

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